Newsletter #175 - Degen Burger Flippers

Hey Shitcoiners,

Oh boy, do we have a lot to get through this week. Remember you can catch all the action on YouTube if you prefer video. To start, let's get straight to one of the biggest controversies of the week. Wonderland was in the thick of it as news surfaced that the CFO of the project is in fact a co-founder of the infamous exchange, QuadrigaCX.

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The memes and commentary rolled in.

Community members got stuck into the details.

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TIME holders were rekt. Here’s Gainzy.

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Speaking of rekt, the US government is moving to a heavily anti-Bitcoin narrative.

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Should this guy help the US “protect you” from Bitcoin and other digital assets?

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Meanwhile, Texas does not give a shit.

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The SEC have been doing what the SEC does best, rejecting Bitcoin ETFs.

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Here’s Cobie with the SEC shill.

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While the US gets hot on regulation, FTX US is pushing ahead. The US arm of the exchange has just raised a fair chunk of change.

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Nation states have chosen to react just as the market is crashing, nice. The Bank of Russia called for a ban on crypto last week.

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But Putin smells an opportunity.

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El Salvador are getting some heat too as the IMF is urging them to get rid of BTC. We don’t think Nayib cares.

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Governments are itching to know who created this shitstorm. Did the inventor of Linux and Git just give them a clue?

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On the topic of Bitcoin, Michael Saylor went on UpOnly!

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Or should they rename it DownOnly?

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For those who haven’t watched the episode yet, this is how it went down.

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Saylor owns a metric ton of Bitcoin so I guess we have to listen.

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It’s looking mighty bearish out there. We imagine most of you are at this point on the Fear and Greed Index.

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And anyways, it’s not a loss until you sell right?

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This latest dump has caused panic amongst retail investors. Will they cover their taxes?

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If all of this bearish chatter is giving you a panic attack just follow Matty’s lead, get jacked instead.

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Elon Musk has been on a new quest this week to have Dogecoin accepted at McDonalds.

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Ronald responded.

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Crypto degenerates tried to beat McD’s to the punch in the only way they know how.

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McDonalds have turned into quite the trolls as of late. This is not okay.

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The Twitter accounts they are talking about began hypothesising how to spend that paycheck.

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McDonalds would never lay you off. This smart contract would though.

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Speaking of horrible technology, OpenSea is messing up again.

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Like, really messing up.

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We finish up with some relatable comedy. Here is a Bitcoin OG telling his daughter’s boyfriend he has made terrible life decisions.

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It’s not looking good for the girlfriends at the moment.

Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too. See you next week!

Team Shitcoin.com